Steel Authority of India

Stock market today: The Indian stock market is likely to snap its gaining streak as trends in the Gift Nifty index signalled a negative opening on Monday. Amid this backdrop, these stocks will remain in focus on 18 May.

Steel Authority of India (SAIL) reported a 47% year-on-year jump in consolidated net profit for the March quarter at ₹ 1,836 crore. In the corresponding period last year, the PSU steelmaker had posted a net profit of ₹ 1,251 crore.

Q4 results 2026: More than 145 companies are scheduled to release their Q4 results today. Here's preview and full list companies to declare earnings on Friday.

SAIL share price has risen 13% in one month and gained 16% in three months. The PSU stock has rallied 25% on a year-to-date (YTD) basis, while it has surged over 32% in six months. SAIL shares have jumped 71% in one year.

Nifty Metal has dropped 8.53% in the past month due to global risk factors and profit-taking. Axis Securities maintains a positive outlook, suggesting a 'Buy on Dips' strategy as supply limitations and domestic demand support the sector despite current valuations.

Domestic benchmark indices showed slight gains after a recent rally, with Nifty 50 rising to 25,997.45 and BSE Sensex to 84,339.15. Analysts maintain a positive outlook despite fluctuations, with DIIs purchasing ₹ 1,174.21 crores. Recommended stocks include BPCL, Power Grid, and SAIL.

Stock market today: According to Ponmudi R, CEO of Enrich Money, markets are likely to remain highly volatile, with sharp moves possible in either direction depending on key announcements around fiscal policy, capex push, sector-specific incentives, and the fiscal deficit target.

Q3 results 2026: NTPC, Meesho, Bajaj Auto, Nestle India, Tata Investment Corporation, Steel Authority of India, Power Grid Corporation of India, and LIC Housing Finance are among the marquee companies to declare Q3 results today.